Profits for St.James's Place Group, the wealth and investment management firm, fell by 60.5% in 2002 to £42.4m (€62.4m) from £107.5m in 2001.

The firm's assets under management also dropped 6% year-on-year to £5.9bn. Sir Mark Weinberg, chairman, said that profits had been hit by difficult markets, but that he believes the firm's business model is as sound as ever.

St James's Place profits down 60.5% in 2002

Pirkko Juntunen

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BlackRock’s plan to democratise private credit could backfire

Barclays investors still unconvinced investment bank strategy will work

Why Evercore’s £146m Robey Warshaw deal could end up being a bargain

Citi veteran Selim Elgen joins JPMorgan’s private bank in Dubai

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Ex-Brevan Howard portfolio manager’s hedge fund opens Sydney office

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Carl Radford’s White Elk Partners will have six people in the Australian city by the end of 2025

The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian sovereign-wealth fund.

JPMorgan to Pay $330 Million Over 1MDB Transactions

European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

European Business Takes Trump Tariffs in Stride

The Dutch insurer and asset manager has focused on making the U.S. its primary market and a key pillar of its growth strategy in recent years.

Dutch Insurer Aegon Evaluates Relocation to U.S.

The president and his allies accuse Powell of dragging his feet on interest-rate cuts, in a caustic and unprecedented pressure campaign.

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The Man Behind Bank of America’s $13 Billion Tech Agenda

Alpha School, which has locations in Texas, Florida and California, is launching in New York in September.

Bill Ackman’s New Pet Project Is a School That Embraces AI and Rejects DEI

The city’s exchange operator reported record profit and revenue as bullish market sentiment boosted trading.

Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings

“Recent trade deals have alleviated, but certainly not eliminated, global uncertainty, which persists on account of the unpredictable policy environment,” Lagarde told a panel on Wednesday.

Europe Should Deepen Ties With Non-U.S. Trade Partners, Lagarde Says

U.S. stock futures started Wednesday lower after a tech-led selloff caused by a report saying the majority of companies investing in generative AI have yet to see returns.

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Bill Derrough’s move follows recent leadership changes at Moelis.

Moelis Restructuring Banker Derrough Moves to Jefferies

Dominari was new to the finance game when it took office space in Trump Tower. Now it’s a key adviser on the first family’s ventures, from crypto to manufacturing.

By David Uberti | Photographs by Shuran Huang for WSJ 

How an Obscure Firm Bet on the Trumps and Became Their Go-To Dealmaker

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Private Equity Firms’ Stocks Are Struggling, Despite Getting Into 401(k)s

The group is focused on acquiring businesses operating mainly in the U.K. online pharmacy market.

Vulcan Two Group Seeks AIM Stock Market IPO

The bank said it also received authorization from the Bank of Italy to acquire indirect control of Banca Generali subsidiaries and indirect shareholdings in affiliates.

Mediobanca Gets ECB Approval for Banca Generali Bid

S&P Global Ratings expects robust revenues from the Trump administration’s newly instituted tariff regime to help offset the expected fiscal deterioration resulting from recent legislative changes.

S&P Affirms U.S. Credit Rating as Tariff Revenue Expected to Plug Fiscal Leaks

The bank is preparing to move thousands of employees into its new, 2.5-million-square-foot Midtown headquarters.

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NYC Offices Are Back. Nothing Proves It More Than JPMorgan’s $3 Billion Tower.

Corporate profits are on track for a double-digit climb, led by the tech sector.

Strong Crop of Earnings Eases Investors’ Economic Concerns

Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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Blue States Hunt for Ways to Wring More Taxes From the Wealthy

The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

U.S. Stocks Amble to Fresh Records on Optimism for a September Rate Cut

The vice president is the most high-profile recent American visitor to the Cotswolds, an idyll that locals say is being disrupted by too many Yanks.

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

How One Big Private-Equity Fund Makes Its Numbers Incomprehensible

The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

Trump Calls on Goldman to Replace Economist Over Tariff Stance

Tech execs are paying tens of thousands to find brilliant dates or select high-IQ embryos. “They want to raise high-performing children.”

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A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

Billions Flow to New Hedge Funds Focused on AI-Related Bets

Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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